Which of the following Acts helps to ensure the financial security of pension funds?
A) Employee Retirement Income Security Act
B) Wagner Act
C) Age Discrimination in Employment Act
D) Equal Pay Act
E) Fair Labor Standards Act

Question

Quizplus · Accepted Answer

The Employee Retirement Income Security Act (ERISA) was enacted in 1974 to protect the financial security of retirement plans, including pension funds. ERISA sets minimum standards for retirement plans, including reporting and disclosure requirements, fiduciary responsibilities, and enforcement provisions, to ensure that pension funds are managed responsibly and the assets are safeguarded for the benefit of participants. The other acts listed are not directly related to pension funds.

Which of the Following Acts Helps to Ensure the Financial